Forex: AUD/USD falls to weekly lows at 1.0335

FXstreet.com (San Francisco) - The Aussie is trading lower today with around 0.5% loses so far today. After peaking to 1.0380 in the Asian session, the AUDUSD has fallen 45 pips to break below 1.0350 and reach fresh intra-week lows at 1.0335.

"The hourly chart however holds a bearish tone, with price below 20 SMA and indicators heading south below their midlines, pointing for a retest of key 1.0330 level," comments Valeria Bednarik from FXstreet.com. "In the 4 hours chart technical readings are also biased lower, supporting the shorter term view. Still only steady losses below mentioned 1.0330 will confirm a stronger slide, with 1.0260 then at sight."

Support levels: 1.0330 1.0295 1.0260. Resistance levels: 1.0370 1.0410 1.0445.